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L&G launches 4.29% fixed-rate mortgage deal

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by David Masters
L&G launches 4.29% fixed-rate mortgage deal

Legal & General (L&G) has launched a new five-year fixed-rate mortgage in co-operation with Chelsea Building Society.

The 4.29% mortgage has a maximum loan to value (LTV) of 65%, and a maximum loan size of £500,000.

Arrangement fee is £995, and no legal or valuation fees are included.

It is only available through mortgage advisers that are part of Legal & General’s mortgage network, L&G Partnership Services Ltd (LGPSL).

Martyn Smith, head of mortgages at L&G, said the mortgage is aimed at customers who ‘welcome the security’ of a five year fixed-rate deal.

Stephen Fox, Key Account Manager from Chelsea Building Society said: “We are delighted to be able to offer this product to Legal & General.”

LGPSL has over 9,000 members who are either directly authorised or appointed representatives of the mortgage network.

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News posted: February 25, 2009

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